Will the election be the catalyst that pushes the market back down?

[Overnight]

...

Where were you when the S&P500 went down 35% in a just a month after the Covid thing, for instance?...

That's just it. A 35% "crash" in a month in my mind is not a downtrend.

If you were to reverse the chart, flip it upside down over the past 6 months, that 6-month trend down would be a, well, downtrend.

Oct 2018 to Dec 24th 2018 was a downtrend to my eyes. A sustained drop over a longish period a time. Just semantics I suppose.

 

[Tradex]

A 35% "crash" in a month in my mind is not a downtrend.

So a 35% down move that lasts a month is not a downtrend, but a 35% down move that lasts 6 months (or 20 years) IS a downtrend.

Hmmm....

 

[Overnight]

So a 35% down move that lasts a month is not a downtrend, but a 35% down move that lasts 6 months (or 20 years) IS a downtrend.

Hmmm....

Hey, it's just the way I see it in my head, man. It is neither wrong nor right. A 5 month up followed by a 1 month down followed by a 9 month up followed by a 1 month down followed by a 6 month up, is an uptrend. <-----(Jan 2019-May 2019, to Feb 2020-a few days ago.)

Reverse that, and you have a downtrend.

 

[Tradex]

Hey, it's just the way I see it in my head, man.

Yes I know, but would you prefer to make 35% in just one month or 6 months?

 

[Overnight]

Yes I know, but would you prefer to make 35% in just one month or 6 months?

Obviously quicker is better. But since my mind is locked in and scarred permanent on seeing only longs, I'll have to pick door #2, 6 months. :-(

 

[Tradex]

Obviously quicker is better. But since my mind is locked in and scarred permanent on seeing only longs, I'll have to pick door #2, 6 months. :-(

That's fine too don't worry, whatever makes you money is perfect, each trader has its own unique style.

 

[David's faith]

Perhaps you are not aware, since your head is up in your ass, the US welfare system, food banks in any city, food stamps, https://www.usa.gov/food-help
For your information, I can read but it seems, you have a problem writing properly?

you are the best representantive the US can get. best luck.

 

[Turveyd]

Daily downtrend, Weekly still uptrend mind so we'll see.


Trump will get in, it'll be rigged that way, democracy is merely an illusion.

 

[Turveyd]

The economy can recover as much as it wants and the election can win whoever, fact is 1 out of 7 citizens of the US can not afford to eat, despite having on average more then 1 job. The US is done. If I had to bet which economy would prosper more - the US or any shithole country, I'd bet on any country but not the US. Also because US has China as (trade) enemy to deal with. I can't even imagine how helpless about the future of their country they must feel in the parliament. You can say whatever you want about Europe beeing socialist, but they won the prosperity competition, against all odds, not despite but for the fact of helping those in need.

I expect Socialist, Living wage and everyone will be the same, you'll choose to work not for more money but out of civic duty, obviously the super rich will be richer at our expense.

 

[vanzandt]

The whole thread...... tl/dr.
We're going into a major recession very soon.
Plan accordingly.